While the global economy continues to face headwinds in various sectors, the music industry funding landscape has demonstrated remarkable resilience in Q3 2025, with total investments approaching $40 million by October. This surge in investment activity, documented by industry analytics firm DMN Pro, represents a significant acceleration compared to the more modest funding environment witnessed in earlier quarters of the year. The robust $40 million figure reflects cumulative investment across various music technology platforms, services, and content creators. The significant contributions from AudioShake and Jukebox have been instrumental in reaching this impressive funding milestone.
Against this backdrop of heightened investor confidence, streaming platform Deezer reported mixed but strategically aligned Q3 2025 results. The company posted €131.4 million in revenue, down 1.9% year-over-year but consistent with annual projections. More tellingly, Deezer’s direct revenue grew to €87.9 million, representing a 2.4% increase from the previous year, while its “Other” segment revenue jumped an impressive 17.4%, helping to counterbalance anticipated declines in its Partnerships division.
Deezer’s subscriber metrics paint an encouraging picture of platform adoption, with direct subscribers in France growing 11.7% like-for-like to reach 3.7 million users. International markets also showed healthy engagement, with direct subscribers outside France increasing 6.1% to 1.8 million. The company attributes much of this growth to the popularity of its family subscription packages and ongoing product enhancements. Artists leveraging editorial playlist submissions have seen significant boosts in streaming numbers, contributing to the platform’s growing user engagement metrics. Independent artists are increasingly turning to high-fidelity sound options to differentiate their releases and attract audiophile listeners.
The broader industry context helps explain the robust funding environment, with U.S. recorded music revenues hitting a record $17.1 billion in 2023—an 8% year-over-year increase. By mid-2025, U.S. music industry revenue had already reached $5.6 billion, underscoring the sector’s continued expansion. The recent RIAA report indicates paid subscription accounts have climbed to 105 million users, reflecting strong consumer demand for music streaming services.
Deezer’s financial outlook further reflects this optimism, with the company expecting positive adjusted EBITDA in the second half of 2025 and on track to deliver positive free cash flow for the second consecutive year—signaling sustainable growth potential that continues to attract investor attention.
